GoKawiil
Tech News
SB Energy, a data center infrastructure company backed by SoftBank, Nvidia and OpenAI, has filed for an initial public offering with the SEC. The filing discloses net losses of about $3.2 billion for the first half of 2026 against roughly $139 million in revenue, mostly from its legacy energy business, while none of its planned AI data centers are yet operational.
upGrad has completed an all-stock acquisition of Unacademy, valuing the Bengaluru-based edtech startup at roughly $206 million—about 94% below its 2021 peak valuation of $3.44 billion. CEO Gaurav Munjal confirmed the deal's closing on X, noting that Unacademy shareholders received upGrad shares while angel investors were cashed out.
SB Energy, a SoftBank-owned data-center developer, offered OpenAI a discount valued at $5.5 billion as part of an agreement to build data-center capacity together. The concession strengthens the financial relationship between SB Energy and OpenAI as they work to develop new infrastructure projects.